(CNN) – White House Chief of Staff Jacob Lew stood by the administration’s recent policy change on contraception coverage Sunday, arguing the new plan ensures women can keep their “right to preventive care” while religious institutions can respect their principles.

“This was a challenge to reconcile two important principles, and the president found a way to reconcile those,” Lew said on CNN’s “State of the Union.” “There are others who don’t have the same objective, and they have to speak for themselves.”FULL POST

Washington (CNN) - If the White House has a plan for how it will deal with a potential default on its bills, budget director Jacob Lew wasn't talking about it Sunday.

"There is no plan other than meeting our obligations," Lew told CNN's "State of the Union" when asked how the government would spend revenues that make up about 60 percent of obligations if Congress fails to allow it to borrow more money by August 2.

NEW YORK (CNNMoney) - President Obama on Monday will propose a 2012 federal budget that the White House says will cut deficits by $1.1 trillion over 10 years.

The president's request calls for a mix of strategic spending to boost U.S. competitiveness and selective belt-tightening intended as a "down payment" on serious deficit reduction, according to his budget director Jacob Lew, who spoke on CNN's "State of the Union."

Two Senate committees are set to hold hearings Thursday on the nomination of Jacob Lew as director of the Office of Management and Budget.

Washington (CNN) - Two Senate committees hold hearings Thursday on the nomination of Jacob J. Lew as director of the Office of Management and Budget.

If confirmed, Lew would succeed Peter Orszag as head of the White House budget team.

Lew held the same position in the administration of former President Bill Clinton from 1998 to 2001. Most recently, he has been the deputy secretary of state for management and resources in the Obama administration.

Washington (CNN) - President Barack Obama said Tuesday he will nominate Jacob J. Lew, a former director of the Office of Management and Budget, to again take that post.

If confirmed, Lew would succeed Peter Orszag as head of the White House budget team.

Lew held the same position in the administration of former President Bill Clinton from 1998-2001. Most recently, he has been the deputy secretary of state for management and resources in the Obama administration.

"The experience and good judgment Jack has acquired throughout his impressive career in the public and private sector will be an extraordinary asset to this administration's efforts to cut down the deficit and put our nation back on a fiscally responsible path," Obama said in a statement. "As the budget director who left the next administration a $237 billion surplus when he worked for President Clinton, I have no doubt that Jack has proven himself equal to this extraordinary task."